Teradata (NYSE:TDC)‘s stock had its “sell” rating reaffirmed by stock analysts at Mizuho in a report issued on Monday. They currently have a $32.00 price target on the technology company’s stock. Mizuho’s target price indicates a potential downside of 17.63% from the stock’s previous close.
The analysts wrote, “We expect an in-line quarter, and the 2018 outlook could print above consensus on some FX tailwinds and incremental spending. However, given our view of limited upside to EPS estimates and a rich multiple, we maintain our Underperform rating and $32 PT. KeyPoints Expect a largely in-line quarter. FX was an incremental tailwind of ~$1-2mm since the company guided 4Q. Total revenues could print around $605-610mm (down 2-3% Y/Y) vs. consensus of $610mm. We expect continued low-mid teens decline on the product line as license softness is partially offset by better subscriptions. Mgmt. likely remained highly focused on cost execution; we believe margins around 12-13% seems reasonable (in-line with consensus) while EPS could end up closer to the upper end of management’s guidance of $0.47-0.52 due to incremental buybacks (consensus is at $0.51). Checks suggest spending activity remains sluggish, though, some refresh activity seems to be occurring.””
A number of other brokerages have also issued reports on TDC. BMO Capital Markets upped their target price on Teradata from $32.00 to $40.00 and gave the company a “market perform” rating in a research report on Friday, November 3rd. Royal Bank of Canada reaffirmed a “hold” rating and issued a $30.00 target price on shares of Teradata in a research report on Wednesday, October 18th. Zacks Investment Research lowered Teradata from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Morgan Stanley upped their target price on Teradata from $29.00 to $31.00 and gave the company an “underweight” rating in a research report on Friday, November 3rd. Finally, Summit Redstone raised Teradata from a “hold” rating to a “buy” rating in a research report on Monday, November 13th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. Teradata presently has a consensus rating of “Hold” and a consensus price target of $33.00.
Teradata (NYSE:TDC) last announced its earnings results on Thursday, November 2nd. The technology company reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.17. Teradata had a return on equity of 16.47% and a net margin of 3.01%. The company had revenue of $526.00 million for the quarter, compared to analyst estimates of $511.23 million. During the same period in the prior year, the company posted $0.69 EPS. Teradata’s quarterly revenue was down 4.7% on a year-over-year basis. analysts anticipate that Teradata will post 0.91 earnings per share for the current year.
In other news, CFO Mark Culhane purchased 4,500 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were acquired at an average cost of $37.66 per share, with a total value of $169,470.00. Following the transaction, the chief financial officer now owns 29,924 shares in the company, valued at approximately $1,126,937.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.73% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. ETF Managers Group LLC acquired a new stake in shares of Teradata during the 2nd quarter valued at approximately $130,000. PNC Financial Services Group Inc. raised its position in shares of Teradata by 0.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 7,236 shares of the technology company’s stock valued at $213,000 after acquiring an additional 31 shares in the last quarter. Commerce Bank acquired a new stake in shares of Teradata during the 3rd quarter valued at approximately $223,000. State of Alaska Department of Revenue acquired a new stake in shares of Teradata during the 4th quarter valued at approximately $288,000. Finally, Commerzbank Aktiengesellschaft FI raised its position in shares of Teradata by 22.7% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 9,594 shares of the technology company’s stock valued at $324,000 after acquiring an additional 1,775 shares in the last quarter. 97.89% of the stock is currently owned by institutional investors and hedge funds.
Teradata Company Profile
Teradata Corporation is a provider of analytic data platforms, analytic applications and related services. The Company’s segments include Americas region (North America and Latin America) and International region (Europe, Middle East, Africa, Asia Pacific and Japan). Its offerings include analytics solutions, ecosystem architecture consulting and hybrid cloud solutions.
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